If you are a real estate investor who self-manages your properties, Property Management Errors & Omissions coverage can assist in situations where a tenant alleges that the property manager was negligent or failed to perform duties as promised in the lease.
This policy is subject to a $2,000 deductible.
$1,000,000 limit of liability for exposures on the residence premises due to property management activities not covered by premises liability
$25,000 sublimit for tenant discrimination (this coverage can apply to Fair Housing Laws)
Legal defense costs (including attorney fees, settlements, court costs, etc.) within your coverage limit
Coverage may extend to errors and contract performance disputes